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What value do bitcoins have other than their price?
by parenthephobia 9y ago
What value do bitcoins have other than their price?
- blueprint 9y agoIsn't it silly to ask a question without knowing in detail the meanings of the terms in it? How would you confirm the veracity of the answer? When you really understand the question you will see its answer. And if that's too cryptic for ya, I doubt this is the venue for a lecture on why bitcoin was invented and the meaning of value. :)
- 59nadir 9y agoBitcoin won't have any value beyond speculation until it loses its speculative value. That's what he's alluding to. Bitcoin is useless as a currency until it reaches stability.
- blueprint 9y agoNonsense. Proof? I use it as a currency all the time. I also use Monero (which btw is specifically designed to be a real currency) yet its price keeps rising. QED. And by the way, these are not dark web purchases. Not that it matters at all. How do I use it as a currency? Easy. Actually use it. If you worry about price going down, just convert it to USD when you receive it. Think of it as a settlement layer. Because... it is. There. Now you get to try to tell me why what I said is false. Surely you're not saying that Bitcoin cant be a currency because it hasnt taken over the world yet, therefore it still has relevant volatility. By the way, exactly 0 of the 5 properties of a currency are "no volatility". And this is part is funny. Would you care to quantify the bounds of volatility at which a security tranforms into a currency? Does market manipulation NOT happen in foreign currency exchange? Do you consider USD Tether a currency? /me gets lawnchair out Guess this means no one is able to refute my price vs value claim either.